JST provides complete fluid management systems for drilling rigs including specialized pumps, mixing equipment, tanks, and other related equipment that contains, controls, and manages both oil and water based mud on drilling locations. The company is headquartered in Houston, TX and has locations in Pleasanton, TX and Midland, TX. JST is led by Craig and Brett Johnson, third and fourth generation oilfield service entrepreneurs. Craig Johnson was previously the founder and CEO of Stallion Oilfield Services.

With the Pelican investment, JST will be in position to expand its customer base, geographic presence, and service offerings in response to growing customer demand. Pelican's growth equity investment will be used to fund both JST's organic growth opportunities and for strategic acquisitions.

Craig stated, "Since its founding in 2014, JST has built a solid reputation for quality service with exceptional people and equipment. We are excited to now partner with a dedicated energy fund that will bring additional experience and deep industry knowledge to our team during this period of growth."

But Anadarko Basin faces declining production as drilling slows By Richard Rostad, analyst, Oil & Gas 360 Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count continued to slide in February, dropping by 33 to 2,782. This indicates that it would[Read More…]